Advertisement
Philippines Manufacturing Sector Picks Up Steam In August - S&P Global
(RTTNews) - The manufacturing sector in the Philippines continued to expand in August, and at a faster pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 51.2.
That's up from 50.8 in July, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
August data suggested some relief as the seasonally adjusted Output Index stabilized after contracting for the first time in six months during July. Moreover, the rate of contraction in new orders softened in the latest survey period, with firms reporting only a marginal decrease in client demand overall.
Total sales were weighed down by a sharper decrease in new export orders, however, as foreign customer demand fell at the steepest rate since January. On the employment front, strong gains in workforce numbers helped boost the latest headline PMI figure during August.
Sensex Tumbles 930 Points Amid Global Selloff; Nifty Nears 22,900
Pound Falls As European Shares Extend Losses On Growth Worries
DAX Down 2.2% As Stocks Extend Recent Plunge
Pound Falls Against Majors
European Shares Extend Losses On Growth Worries
Asian Shares Extend Losses In Thin Holiday Trade
Indian Rupee Rises To Near 4-month High Amid Trump's Reciprocal Tariffs
